Submitted by Joyce Hui on Wed, 07/28/2010 - 23:42.
An Ontario Superior Court judge approved the sale of CanWest Global Communication’s entire TV assets, including its specialty programming, to Shaw Communications Inc. for $2 billion. The deal includes the transfer of highly popular channels such as Global TV, Slice, Food Network Canada and HGTV.
The approval is a required and significant step in the complete transfer of Canwest’s TV channel operations to Shaw.